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Newton, Senior Compliance Officer, Compliance Advisory Team

BNY Mellon
London, United Kingdom
Closing date
Apr 7, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Newton is a global investment management firm owned by BNY Mellon, with offices in London, New York, Boston and San Francisco and has expertise in a range of disciplines, including global, regional and emerging-market equities, multi-asset strategies, absolute return investing and global bonds. A global, thematic approach to investment helps them achieve long-term perspective on global financial markets and economies and identify areas of long-term risk and opportunity. Our belief is that responsible investment is better investment for clients, and we consider ESG (environmental, social and governance) issues in relation to every company in which we invest. Our purpose is to improve people's lives through active, thematic and engaged investment which strives to deliver attractive outcomes to our clients and helps foster a healthy and vibrant world for all.
Newton focuses on four key areas:
  • Active Equities - Conviction based, including global equity, small-cap, regional and thematic capabilities
  • Income - Equity, fixed income and multi-asset
  • Absolute Return - Fixed-income and multi asset
  • Multi-Asset Solutions - Systemic, outcome-orientated, relative balanced, bespoke and building blocks
Newton provides discretionary and non-discretionary investment advice to institutional clients, including US and global pension funds, sovereign wealth funds, central banks, endowments, foundations, insurance companies, registered mutual funds, other pooled investment vehicles and other institutions, and, via BNY Mellon, to individuals.
Job Purpose
To be a senior compliance officer within the Newton UK Compliance team, providing compliance and regulatory support to the business, as directed by the Head of UK Advisory and Global Chief Compliance Officer, and to assist in the day to day leadership and mentorship of the compliance advisory team.
Key Responsibilities

1. Regulatory compliance
• Assist and support the Head of UK Advisory and the Head of Compliance in the maintenance and the ongoing effectiveness of the Newton UK Compliance team as a second line of defence function.
• Provide advice and guidance to the business and key stakeholders with regards to FCA and SEC compliance requirements and respond to ad hoc business requests for assistance and providing regulatory advice in line with regulations and where appropriate, industry best practice.
• Provide compliance analysis and the identification of regulatory risks in the review of all existing and new business initiatives and developments and to represent the Risk and Compliance department at the Business Acceptance Panel (or equivalent) or in business change working groups.
• Provide advice and guidance on portfolio compliance issues in relation to the application of the UCITS rules and US 40 Act to Newton's sub-advised funds, working collaboratively with internal experts and legal teams, where necessary.
• Assist with the implementation of regulatory development/change projects, working collaboratively with the business to facilitate appropriate impact risk assessments, gap analysis and to ensure implementation requirements are executed to a good standard and in a timely manner.
• Assist and advise all parts of the business with regulatory audits and investigations, whether from global regulators, or Internal Audit.
• Be responsible for the delivery and preparation, review and completion of internal and external regulatory reporting as required, including corporate reporting to BNY Mellon Investment Management.
• Represent the Newton UK Compliance department at Client meetings both pitching for new business or as part of the ongoing client relationship/ operational due diligence meetings and working collaboratively with Newton's US and Japan compliance teams.
• As a senior member of the team build a close working relationship with the business (UK and globally) and Risk & Compliance colleagues in BNY Mellon entities in various global locations.

2. Contribution to the Newton Compliance function
• As a senior member of the function, to assist the Head of UK Compliance Advisory and the Global CCO with support and mentorship of the Newton Compliance function with the responsibility for advising and supporting the UK advisory team on all aspects of regulatory compliance required for a dual-regulated FCA/SEC investment management firm.
• Assist in the day-to-day activities of the Compliance Advisory Team including required sign-offs and approvals for client certifications.
• Ensure the team's maintenance and the ongoing effectiveness and implementation of all compliance policies and procedures, including the RCPP Manual, PTA and CODERAP administration.
• Assist in the ongoing maintenance, enhancement, development and delivery of compliance training programs and activities for the UK entities so that they remain current and UK and US employees have appropriate compliance knowledge and awareness.
• As a senior member of the function, to promote good conduct and culture by embedding high standards within the advisory team and wider function.
• Make an effective contribution to the Newton Risk department.

3. Contribution to governance

• Provide management information or deep dive analysis to governance committees and senior management to demonstrate compliance or to highlight issues or trends where appropriate.
• Assist the Head of UK Advisory and global CCO's in providing reports and escalation of issues as required to the Newton and BNY Mellon IM governance committees as required.
• Attend governance committees (e.g. NRCC) or oversight groups (e.g. the Regulatory Analysis Oversight Group or Anti-Financial Crime Oversight Group), as required, providing effective contributions as a representative of the Risk and Compliance Department.

Our Values & Behaviours
Passion for Excellence - We get it done; We strive to be extraordinary
Integrity - We do what is right, always; We challenge each other - even when it's uncomfortable
Strength in Diversity - We seek out who is missing and help everyone feel included We invest in each other's success
Courage to Lead - We take the risks necessary to lead; We grow and move on from failure

BNY Mellon Investment Management is an Equal Employment Opportunity Employer

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark:

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